What is Paxcoin Project?

tinhkhuat (32)in #paxcoin • 6 years ago

What is Paxcoin Project?

PAXCoin belongs to the area of cryptocurrency 2.0 , the area where encrypted money contributes to daily life.Cryptocurrency 2.0 incorporates block-chain technology to enable reliability , time and cost savings in inter-personal, inter-company and inter-nation transactions. PAXCoin has the best security and reliability and is the best encryption currency that does not require exchanges between individuals, corporations, and countries through the establishment of payment and settlement systems.

Cryptocurrency 2.0 seeks to build an associated financial system and ecosystem that can be used as a means of settlement and payment in real life (Cryptocurrency 1.0 does not function as a monetary function yet, and it remains an investment property due to price fluctuation like stock in Cryptocurrency exchange).

PAXCoin has the highest level of security and stability, and through the establishment of a payment and settlement system, it is the best Cryptocurrency that does not require currency exchange in transactions between individual and individual, company and company, country and country. Although various technologies have been used for fair and reliable transactions in the past, they have many limitations that current financial systems cannot be resolved. The best technique to overcome this limitation is the Blockchain technology and the Cryptocurrency 2.0. By using Blockchain technology, you can record and share various kinds of information needed for trade transactions in the distributed ledger, so that the same information is sent to related parties, and information can be directly viewed or modified without an intermediary. Also, because the record remains in the Blockchain for the act of modification, it can be verified with past history even if there is any malfeasance. In addition, the emergence of Cryptocurrency with Blockchain has enabled reliability, time and cost savings in interpersonal, inter-company and international transactions.

Paxcoin Features:

PAXCOIN is creating a unified electronic wallet that allows consumers and sellers to easily trade off any blockchain assets in the form of currencies. To enable this feature, the product overview is as follows:

A unified electronic wallet for all kinds of electronic money
Create ecosystems that deal with different types of money
Registration card used in the transaction
Smart application for home business
The rapid change of the e-money market as the rapidly growing electronic money can be applied to a single currency guarantee. PAXCOIN becomes the currency of choice for those who want to spend electronic money

Paxcoin Technical

PAXCoin was developed based on the Bitcoin platform, which is securing best safety and security, and by maintaining compatibility with the Bitcoin API,it is easy to integrate into existing applications supported by Bitcoin. PAXCoin uses the proven Scrypt encryption method in LiteCoin and Dogecoin. Also, in order to reduce the long block formation time, which is a problem of Bitcoin, it extended the block size to 2 megabytes and implemented the transaction time to less than 1 minute.